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<br /> 98- io�a
<br /> ThG Funds +hnli be held In wn institution whusc dcposits ure insurocl by u federal ugency, instromcntulity, or entity
<br /> (including l.erxier,IF l,erxfer is such un in4litulion)or in eny Prderal Homc l..�an f3ank. I.cixlcr shull upply the Furxls to puy�he
<br /> Ercrow Iten�x, LxndGr nu►y nM charYe&�rmwer far holding and applying the Fuixis,annually enuly�ing tNe escrow a�count,ar
<br /> verlfyinQ�ho��mw i�emti,unle�+lxncier pwys E3�rr.►wer intcrex�on thc Fw�ds und ap Ilcable luw p�enni�s(.encicr to►nake such
<br /> o�:hrr�c, Nowevcr, l.cncler muy rcyuirc&►rruwer to pay a onc-timc chargc for an i�ependent real estate tux rc�rling tien�ice
<br /> u�exl by I.ender In conrxc�ion with this I�r►n, unle�K pppilcable luw provides otherwlse. Unless an ugrctment i� macie or
<br /> rppNcablt luw reyulrr.y intercxt eo be puid, L.enJer xhall rwt be reyuirai to pay Borrower rny Intertst i�r eurningc cin the�unda.
<br /> &►rn►wCr wnJ l.ernler nwy rgra in writing, however, that interist shell be �►id on the Fwxlc. L.ender�h�ll give to Borrower,
<br /> wltlxiut churyc, un wnnuul sccounting uf the Fui�s, showing cralits anJ debi�s to ihe Furxls unJ the pur}x►se fur which exh
<br /> debit ta thc FuixlH wrs m�k. 7'he Funcix ue plal�ecl�s rdditian�l arcurity fur ull sums securai by thi4 Security Instrument.
<br /> If the Furxfx hcld by L,uxler exceal thc anx�unls permittal to bc hcld by applicablc law, l.cnder shall uccount to Hurrower
<br /> fbc ihe excess i�unJ� in a�runlaKC witli�f�r r�yui�err�nts oi++pplicable I•rw. If the amaunt of the Cunds he!d by Lender at any
<br /> timis is ncK iuffieien� ta pwy the E.tiemw Itema when due,l.ender m�y so nwify Borre�wer in writing,ancf,in sunc�ase&�rrower
<br /> sh�ll pey to l.endar tix amcwnt nects�ary to make up the deficiency, Borrower shall muke up the deficicncy in no nbre than
<br /> ►wolve monthly Myments.+�t I.encicr's sok discretion.
<br /> Upon prymeM in full of�II uims securcd by this Security Instrun�nt, Lender shall promptly refund to Bc►rrower any
<br /> Fur�1s htlJ by [.ender.If, uncler peregraph 21,Lender shall acquiro or sell the Propeny,[.ender, prior to the acquisitiUn or xale
<br /> nf the Property, sfull apply any Funds helJ by f..cnder at thc timc of acquisition or salc as a credit ugainst the sums securcd by
<br /> this Sccuriry insrrument.
<br /> 3.Applkstian of Paymenb.Unless upplicable law provides otherwise,ell payments receivect by Ixndcr under paragruphs
<br /> I anci 2 shall� applied: first, to any ptcpayment charges due u►xier the Nole; second, t��amounts payablc undcr parug�aph 2;
<br /> thitd,to intercst due; founh,to principal due;ard last,to sny late charges due under the Note.
<br /> 4. Cluuges;Lia�. Borrower shall pay all taxes, essessments,charges, fnes and impositions attributa6le to the Property
<br /> which nwy attain priority over tleis Security Instniment, nnd leasehold paynxnts or ground rents, if any. Borrower shall pay
<br /> these�bligations in the manner provided in paragraph 2,ur if not paid in that manner, Borcower shall puy them on tinx diroctly
<br /> to the penon owed payment. Aorrower shall promptly furnish to Lender all notices af amounts to be paid under this paragraph.
<br /> If Bonower makcy these payments directiv, Borrower shall prompNy turnisl�lu l..euder receipts evidencing thc paymcnts.
<br /> Borrower shall promptly dischArge any lien which has priority over this Security Instrument unless Borrawer: (a)agrees in
<br /> writing to the payment of the obligation sccurai by the licn An a manner ecceptable to L.ender;(b)contest�in good faith the lien
<br /> by, or defends against enforccment of the liet► in, legal procoodings which in the L.e��der's opininn operate to prevent the .
<br /> enforcement of the lien; or(c)secures from the holder of the lien an agroement satisfactory to[..ender suhordinating thc lien to
<br /> this Sa:urity Instrurr�nt. If Lender dMermines that any part of the Property is subject to a lien which may attain priority over
<br /> this Seeurity Instrument, Lender may give Borrower a notice identifying the lien. Bc�rrower shall satisfy the lien or take one or
<br /> mare of ihe actions set forth abovc within 10 days of the giving of noti«.
<br /> g, �lanrd or Ft�operty Imsurance. Baaawer shall kaep the improvements now existing or hercaRer ereGtt�t! on the
<br /> Property insurod against loss by fire, hazurds inGluded within the term "extendecl coverage" and sny other hautnls, including
<br /> 0oods or flooding,for which Lender roquires instirance. This insunince shall be maintained in tho anaunts and for the periods
<br /> that Lender requircs. The insurence carrier providing the insurance shall be choscn by Borrower subject to I.ender'.r approval
<br /> which shall not be unreasonably withheld. If 8ocrower fails.to maintain covcrage describod above, Lerder may, at l,encler's
<br /> option.obtain uover�ge to protect l.ender's rign�s in ine�rn{�crty.in acconlmn:C w�iii�;iai�hi:y,i'�'.
<br /> All insurance policiss nnd nnewals shxlt Ue acceptable.tc► l.ender and shell include a standwrd mortgage clausa l.ender
<br /> stull have the right to hold the policies and rcnewals. If Lender rcquircs,Borrower shall promptly give to Lencler all eeceipte uf
<br /> paid premiunu and renewal notices.In the event of loss,Bomower shall give prompt notice to the insurance catrior and 1.eoder.
<br /> (,ender may make proof of loss if mx made prompdy by Borrow�r.
<br /> Unlas L.ender and&�rmwcr athenvise agroe in wrihng, insumnce pmcads shull be uppliod to r�storation or rcpoir of the
<br /> propecty dartuigod,if�he rcstoretion or rcpair is a�nomicnlly feasible and l.ender's secur��y�s not leasene�.If the reuoration or
<br /> repir it not aoaromic+dly feasible or i.ender's security would be lessened, the insurance proceods shall be npplied to the sums
<br /> securod by this Security Instrumcnt, wtKther or not then due, with any excess paid to Borrower. If Bortower absndons the
<br /> Pcoperty,or doea not answer within 30 days a notice from l.ende�that the inwrance carrier has offexed to settle a clnim,then
<br /> L,ende� mry �o�kct thc irw,rance proceeds, Lender may use the proceeds to reprir or restoro the Pt+operty or ro pay xums
<br /> seeurod by this Saurity Instrument,whether or not then due.The 30-day period will brEin when the notia is grven.
<br /> [lnless i.endec u�d Borrower othervvise agra in wri�ing, any application of proceeds to princip4l shall not extrnd or
<br /> po�tpone the due date of the monthly pYyments nefarrcd to in paragraphs 1 rnd 2 or ch�nge the amouM of the payme+►u. If
<br /> u�dec pr[agraph 2� the Property is ecquired by L.endar, Horrower's nght to any insurunce policies and proceeds resulting from
<br /> daro�e to the Property prior to the acquisition shall pass co Lerxfer to the extent of the sums securai by this Security Instrument
<br /> imn�irtcly prior�o thc acquisipon.
<br /> �f._()auptncy, A�eserv�tton,Maintaunce apd Protation of ths Propaty;Borrower'r Loaa Appllratbn;Lwelwld�.
<br /> 8�ocsi�wer�lu11 occupy, esublish,sind use the Property as aormwer's principal reside�xe within sixty days after the oxecution of
<br /> this 5a.�urity instrument aixi shell continue to occupy the Property as Borrower's principal residence for nt lexst onc year after
<br /> the date of axup�u�cy, unless I.ender othawvise agrees in writing, which consent shall not be unmasonably wiGhheld,or unfess
<br /> exteouatinY circvmsnnces exist which are bcyond Borrower's rnntrol. Borrower shall not destroy, d�ge or imp�ir the
<br /> Propeny, allow the }'roperty to deteriorate; or commit waste on tl�e Property. Borcower shall bo in default if any forfeiture
<br /> action or procooding,whether civil or criminal, is begun thut in Lender's guod faith judgment oould mult in forfelture of the
<br /> Pro}►.'��ty or othenvise materially impair the lien crcated by this Security instrument or l.encfer's socurity interest. Horrower may
<br /> cute such a default and reinstate. as provided in paragraph 18, by causing the action or proceaiing to bo dismissod with a ruling
<br /> thet, in Ixnder`'s'goocf faith detertnination, precludes forfeiture of the Bormwer's interest in the Propr.rty or other m�teriAl
<br /> iropuirnient of the lian created by this Secunty Instrument or l.ender's security interest. Sorrower shall also be in default if
<br /> Bprr4wer,during the loan xpplication process,gave materially false or innewrate informatiun or statements tti Lender(or failecf
<br /> ta ptpvide Lender with any nwterial informution)m connection with Nie loun evideuceci by the Note,including,but nut limited
<br /> to;represenGttions cuncerning Borrower's occupancy of thc Property as a principel rcsidencc.If thia 5xuriry Instrument is on a
<br /> � leuehold, Borrower shulf comply with all the provisions of the I�asc. If Borrower acyuires fx title to the Prc�perty, tho
<br /> . leasehold and t�o fcc title shnll not merge unlcss Lendcr agrees to the merger im writing.
<br /> 7,Pr.otertMn of t.endtr's Rights ln the�roperty.lf 8orrower fails to peri'orm the rnvenants and agreatknts contained iq.,
<br /> this Security Instrument, or ttkrc is:�legal pr�cee�i�ng that mxy signiticanNy affxt Lenci�r's rightsin the Proporty (such�s a
<br /> procecding in bankruptcy,probnto;�for conJemnation or fonfeiture or to enforce 1av►s ar regulati���s), thtn LencY_r may do iu�d
<br /> �y for whatever is r�eces�ury tn prutect N�e value of the Property and L,ender's rights in tBe Property. Lerder's actions msy
<br /> �nclude paying any sums secureti by a lien which has.priority uver this Security Instrument, appearing in eourt, payic►E
<br /> reusonable attor�eys►fea and entcring on the Propeny to make repairs. Although L,encier may take action under this para�raph
<br /> 7.L.ender does lfot h�ve 4o do so.
<br /> �J L-. �L'�
<br /> .Any rmounts disbursed by Lerxler under this psutigrepe � saaii oecome addiiionui ucoi o�nv��v»a ���a. �� .,�:�
<br /> Socurity [nstrument,Unless Borrower and Lcncier agra to athct terms of puyment, thcsc anwunts shall txar interest fmm the
<br /> d�te of disbursement at thc Note rate and shall bc payablc, with i��terest, upon notice from l.encler to Borrowcr requesting
<br /> pyyment,
<br /> - 8.Martgsee Inguranca If I.ender roquirod mo►xgage insurance as a conciitiun vf making tlx Iwn secured by this Socurity
<br /> Instrunknt, Bcxmwer shall pay the premiums required to maintain th� nartgage insurance �n offect. If, for any reason, the
<br /> nxxtgage insurance coveragc requirod by L.ender lapses or ceases to be in effect. Porrower shall puy thc premiums rcquinxl to
<br /> obtain coverage su6stantially equivalent to thc nbrtgage insurarx:e prcviously m effeci,at a cost substantially eyuivalent a�the
<br /> , cost to Borrower�f the mcxtgage insurnnce prcviously in et7o:t, fn�m an alternate nwrtgage insurtr approveci by Le�xler. If
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